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Fill out the highlighted fields. Interest on each partner's beginning capital balance Net Income Ratio: Rogers Net Income Ratio: Smith 10% 70% 3096 100% Rogers
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Interest on each partner's beginning capital balance Net Income Ratio: Rogers Net Income Ratio: Smith 10% 70% 3096 100% Rogers capital balance, January 1 Smith capital balance, January1 150.00 100.00 Rogers Salary Smith Salary 25.00 75.00 Net Income 150.00 Rogers Smith Net Income Salary Return on Interest Sub total Left to distribute Net Income Ratio Totals Change in Capital less Sala 150.00 25.00 75.00 Return on Beginning EquityStep by Step Solution
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